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A bullish divergence?

Posted by Eric LeRiche | July 9, 2010 .

If you read my posts regularly you probably know I am bearish these days but since I am a technician first I need to address a very important indicator that might support a bullish perspective:

The American Association of Individual Investors sentiment poll just returned its highest bearish percentage (57.07%) and lowest bullish percentage (20.94%) since March 5, 2009. That date should sound familiar to regular market watchers, as it marked a major bottom and the end of a months-long bear market.

Trade carefully

Eric$

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Posted under Financial Markets, Investing Tips, Investor Rules, Stock Market Investing, Stock market news | Comment Like this article? Subscribe to our RSS feed

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